Last week’s sales….
3345 PADARO LANE
Two houses, one of which is beachfront, on a .6-acre lot.
Listed: $26.5 million in September 2022, cut to $23.7 million after six months.
Closed: $21.5 million.
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1569 EAST VALLEY ROAD
This is the house that Katy Perry and Carl Westcott went to court over; the Wall Street Journal explained the situation well (below).
Listed: N/A.
Closed: $9 million.
In July 2020, in the midst of the frenzied pandemic real-estate market, Westcott signed a contract to sell the home for $15 million to Bernie Gudvi, Perry’s business manager, who was acting on her behalf. A few days later, Westcott informed Perry’s team that he didn’t want to sell.
Both sides sued, leading to a protracted legal battle that raised questions about mental capacity and showcased the lengths to which the wealthy will go to lay claim to coveted homes in a tight housing market.
In December 2023, Judge Joseph Lipner ruled in Perry’s favor in Los Angeles County Superior Court, ordering that the sales contract be respected. Perry is expected to testify at a second phase of the trial in July, which will determine damages in the case. Perry’s team is asking for damages for lost fair-market rental value, deferred maintenance and repairs needed for water damage and a tree falling, according to court documents.
Perry has paid $9 million for the estate so far, according to property records. The remaining balance will be paid once the damages owed by Westcott—which may be up to $6 million—are determined in the second phase of the trial.
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690 SAN YSIDRO ROAD
1978 compound in need of updating on a 1.29-acre lot.
Listed: $10.995 million in August 2023, cut three times to $8.495 million.
Closed: $8.4 million.
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1430 GREENWORTH PLACE
Lower Village four-bedroom.
Listed: $5.45 million in February 2024, cut to $5.25 million.
Closed: $4.7 million.
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330 SALIDA DEL SOL
Renovated Mesa three-bedroom. This really is a new era for Mesa real estate….
Listed: $4.25 million in April 2024.
Closed: $4.2 million.
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145 BUTTERFLY LANE
1920 three-bedroom in the Lower Village.
Listed: $3.8 million in April 2024.
Closed: $3.8 million.
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4613 VIA RUBI
Four-bedroom with pool near San Antonio Canyon Park.
Listed: $3.795 million in January 2024, cut to $3.595 million after two months.
Closed: $3.227 million.
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59 TIERRA CIELO LANE
Cielito three-bedroom with a freeform swimming pool.
Listed: $3.4 million in October 2023, cut to $3.2 million in January 2024.
Closed: $3.05 million.
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And a few others worth checking out:
••• 480 Arbol Verde Street: $2.425 million.
••• 1026 Sandpiper Lane: $2.15 million.
••• 1127 Vallecito Road: $2 million.
••• 45 Rubio Road: $1.849 million (below).
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